LTC - Falling wedge - reversal at $75 - Target $130

Dear all,

LTC is following this purple falling wedge. I expect a retest of the $75 mark to create reversal and target the $130 mark.



All the Best from the Crypto Space

Alteroc

Zlecenie aktywne:

Everything is on track so far.

I expect the downward movement to resume within 48 to 72 hours.

Komentarz:

Falling wedge has bee extended.

Based on the wider falling wedge support and a 100% retracement fib
reversal zone is now between $69 and $71.

A dip a bit lower in the form a wick is not to be excluded in case of a harsh BTC move down.

Komentarz:

Right on the spot for now.

However considering current rqlly I now expect retracement due to the bearish divergence on RSI